HR 1696 116th Congress House Taxation Child care and development Employee benefits and pensions Income tax credits Income tax exclusion Inflation and prices

PACE Act

Introduced: May 22, 2019 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 12, 2019

Referred to the House Committee on Ways and Means.

Mar 12, 2019

Introduced in House

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Plain-English summary Congressional Research Service

Promoting Affordable Childcare for Everyone Act or the PACE Act

This bill modifies the tax credit for expenses for household and dependent care services necessary for gainful employment (known as the Child and Dependent Care Tax Credit) to (1) make the credit refundable, (2) increase the rate for the credit, and (3) require the dollar amounts for such credit to be adjusted for inflation after 2019.

The bill also increases the amount of employer-provided dependent care assistance which may be excluded from the gross income of an employee and requires the increased exclusion amount to be adjusted for inflation after 2020.

What's happening now March 12, 2019

Referred to the House Committee on Ways and Means.

Related & companion bills 1

Bill text 1 version